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Tips On Using a Mortgage to Consolidate Your Debt
Many homeowners consider the possibility of using a mortgage to consolidate existing debt. If you have already repaid your mortgage, you can take out another primary mortgage.
Adjustable Rate Mortgages
An adjustable rate mortgage, ARM, is a mortgage that has a varying interest rate on the note. The interest rate on the mortgage periodically adjusts based on an index. Because of the varying interest rate, borrowers may notice their payments changing over time.
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